SNEAK PEEK
- Crypto analytics platform reports Polygon-based NFTs saw a 191% increase in sales since September 2022.
- Polygon has integrated its power into massive web2 companies including Starbucks, Reddit, and Instagram.
- CoinMarketCap ranks Polygon in the tenth position for one of the most valuable crypto assets.
According to the cryptocurrency analytics portal, Messari, Polygon-based NFTs have experienced a massive rise in sales up by 191% since the end of September 2022. This mark was made possible by integrating Polygon’s power into the top Web2 company’s infrastructures.
How have NFTs fared during the downturn?@0xPolygon saw a 191% increase in NFT sales since the end of September as Web2 companies attempted to fully integrate NFTs into their platforms.@Starbucks, @Reddit, and @Meta have all integrated with @0xPolygon. pic.twitter.com/pIgXQgdgwt
— Messari (@MessariCrypto) November 30, 2022
Against Bitcoin (BTC) or Ethereum (ETH), the MATIC chart, Polygon tokens deliver 115% and 53.7% respectively over the same period. Polygon Integration With Starbucks And Meta Help MATIC Price During Crypto Meltdown.
Crypto analytics portal Messari reports that sales of his polygon-based NFTs have increased 191% since late September. The platform also highlighted that within a short span of time Starbucks, Meta, Instagram, Reddit, and many such platforms have benefited from the Layer 2 blockchain.
In response to his NFT’s performance during the recession, 0xPolygon’s NFT sales have increased 191% since the end of September as the Web2 company sought to fully integrate his NFTs into its platform.
As of the beginning of the year, Polygon currently ranks fourth among all chains in terms of total NFT revenue.
However, it will be more interesting to see how Polygon’s success impacted the price of the fuel that powers the network this fall. Polygon (MATIC) Price Action is a win-win situation.
Nevertheless, the FTX issues happened, and MATIC gave up all its profits and lost the support level by around $0.805.
All in all, looking at MATIC’s monthly price chart, it’s fair to say that even the last five months have gone up. As per CoinMarketCap, it is the tenth largest crypto asset.
Another is his MATIC chart against Bitcoin (BTC) or Ethereum (ETH), with Porygon tokens up 115% and 53.7% respectively over the same period, while NFT sales have increased 191% since the end of September.
This is because Web2 wanted NFTs in-house to be fully integrated with the Starbucks and Reddit platforms. All of these are integrated.
